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It was another eventful week in the cryptocurrency space and it all began on Monday morning as a Chinese AI company splashed the waters. DeepSeek arrived at the scene with a bang, indicating that it can do everything ChatGPT does but is faster and cheaper, which put into question the need for highly powerful chips from giants like Nvidia. Aside from the market-wide crash in stocks, including NVDA’s double-digit dump, the news sent shockwaves across crypto as well. BTC stood around $105,000 ahead of the Monday morning Asian trading session but slumped in hours by several grand to a multi-week low of under $98,000. The altcoins followed suit, but this otherwise violent correction didn’t last long. By Tuesday morning, the asset had reclaimed the coveted $100,000 mark despite another brief slip below it. The markets calmed for the next few days or so in anticipation of the first FOMC meeting of the year and the first under Trump. Once that took place and it became known that the US central bank will not change the key interest rates, BTC headed south immediately by $1,500. However, it bounced off on Thursday and spiked to $106,500 where it faced another reaction. After another correction to $104,000 earlier today, bitcoin’s price movements have calmed, and the asset stands at around $105,000 as of press time. The weekly charts are predominantly in the red, with SOL emerging as the poorest performer within this timeframe. It’s down by 11% after last week’s all-time high amid the TRUMP token mania. DOGE, HBAR, SHIB, and XLM are also deep in the red, while OM has soared by nearly 50% since last Friday. Market Data Crypto Weekly. Source: QuantifyCrypto Market Cap: $3.744T | 24H Vol: $120B | BTC Dominance: 55.6% BTC: $104,830 (-0.85%) | ETH: $3,352 (-1.5% ) | XRP: $3.09 (-3%) This Week’s Crypto Headlines You Can’t Miss Nvidia Stock Crashed 17% as DeepSeek OpenSource AI Revolution Slaps Down US Stocks . The week started with some big AI news from China as DeepSeek emerged as a cheaper and simpler alternative to ChatGPT. This sent shockwaves across Wall Street and crypto, with BTC tumbling below $100,000 briefly and Nvidia’s stock crashing by double digits. CBOE Restarts US Solana ETF Race With Filings for 4 Asset Managers . The seemingly more favorable regulatory environment in the US toward the crypto industry has propelled many asset managers to submit filings for locally-based digital asset ETFs. Solana is among the leaders, as CBOE filed applications for SOL ETFs from four leading asset managers. Bitcoin Price Drops by $1K as US Federal Reserve Maintains Interest Rates . BTC’s aforementioned drop from $103,000 to $101,500 after the US Federal Reserve’s move to keep the interest rates as is was short-lived. Nevertheless, the uncertainty about the US economy, inflation state, and future Fed decisions remains with Trump at the helm. 5 Reasons to Be Bullish on Ethereum (ETH) Despite January Drop . ETH is among the most underwhelming performers during this bull cycle, with its price failing to come anywhere near its 2021 all-time high of over $4,800. However, Etherealize founder Vivek Raman outlined five reasons why investors should feel bullish on ETH, but the apparent lack of whale activity suggests otherwise, at least for the short term. Elon Musk-Led Tesla Reports Massive $600M Bitcoin Gain in Q4, 2024 . A new rule in the US reporting book that allows firms to adjust digital asset valuations quarterly based on market prices allowed Elon Musk’s Tesla to report a substantial $600 million paper profit on its BTC investment that was made nearly four years ago. Litecoin ETF One Step Closer to Approval: Will the SEC Finally Say Yes? Aside from SOL, the other larger-cap altcoins that have seen some movements on the ETF front include LTC and XRP . The former even surged by double digits this week as the US SEC officially recognized Canary Capital’s proposal for a Litecoin ETF and the review process has not begun. Charts This week, we have a chart analysis of Ethereum, Ripple, Cardano, Binance Coin, and Solana – click here for the complete price analysis. The post BTC Steady Above $100K, Fed Maintains Interest Rates, ETF Filings Pile Up: Your Weekly Crypto Recap appeared first on CryptoPotato .
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Searching for High-Yield Cryptos as Trump Considers New Tariffs
President Donald Trump`s renewed commitment to imposing tariffs has once again unsettled global markets. With potential duties on imports from Canada and Mexico and impending trade actions targeting China and BRICS nations, investors are preparing for possible economic upheaval. Amid the uncertainty in conventional markets, the cryptocurrency sector has demonstrated resilience, as altcoins have seen a significant uptick over the past couple of days. Investors eager for substantial crypto gains are focusing on token opportunities and emerging presale projects as potential frontrunners in this shifting environment. Table of Contents Trump`s Tariff Plans and Market Impacts Crypto`s Resilience Amid Economic Challenges Altcoins on the Rise Investors on the Hunt for Promising Cryptos Early Opportunities in the Meme Sector Conclusion Trump`s Tariff Plans and Market Impacts In recent comments to reporters , Trump expressed his intention to introduce 25% tariffs on Canadian and Mexican imports starting February 1. His justification centers on reducing illegal immigration and the flow of fentanyl into the U.S. But his tariff plans don`t end there—he has also suggested potential measures against China, although details remain sparse. Further fueling investor anxiety, Trump took to Truth Social to threaten BRICS nations with a possible 100% tariff if they attempt to replace the U.S. dollar as the world`s reserve currency. The threat of a new trade war has economists predicting inflationary trends and market instability. Consequently, more investors are turning to alternative assets, particularly cryptocurrencies, to safeguard against economic uncertainties. Crypto`s Resilience Amid Economic Challenges Despite the global unease, the cryptocurrency market has shown impressive strength, with altcoins gaining momentum in the last 48 hours. Concerns around inflation and potential trade disruptions have driven investors to consider digital assets as a protective measure. Unlike traditional equities, which might face volatility due to possible trade limitations, cryptocurrencies thrive in a decentralized environment, making them appealing amid economic unpredictability. Altcoins on the Rise In the last two days, numerous altcoins have exhibited strong upward trends, with Ethereum climbing over 10% and pulling smaller-cap coins along, suggesting a potential breakout. Meanwhile, Bitcoin remains stable. This upward movement indicates that investors are positioning themselves strategically in anticipation of a market expansion. The change in investor sentiment indicates a keen interest in finding the top crypto investments before the next big market move, with many ready to act at the first sign of crypto market activity. Historically, macroeconomic uncertainties have often coincided with heightened interest in cryptocurrencies, especially new altcoins with significant growth potential, as these tend to outperform their larger counterparts. Investors on the Hunt for Promising Cryptos While traditional assets might encounter challenges due to tariffs, investors are actively seeking high-growth possibilities within the crypto realm. The quest for the next major crypto has become a race against time, with traders and early adopters concentrating on emerging projects with compelling stories, vibrant communities, and strong fundamentals, aiming to capitalize on the bull market`s potential for massive returns. One notable project gaining attention is The Rise of Memes($RISE) , which brings a fresh and innovative perspective to the expanding meme coin arena. Unlike many meme projects that rely solely on speculation, The Rise of Memes incorporates a gamified ecosystem, fostering user involvement and long-term commitment. Early Opportunities in the Meme Sector As The Rise of Memes progresses through its presale phase, investors have a prime chance to get involved at its inception. The project`s solid fundamentals, captivating concept, and growing community make it a promising option for those looking for the best crypto to invest in for 2025. The Rise of Memes distinguishes itself through its ambitious efforts to redefine the P2E sector in crypto, which has largely emphasized reward systems over engaging, entertaining gameplay. Here`s how $RISE excels: Exceptional Gameplay Experience: At the heart of the game are the Meme Kingdoms, where players build cities, gather resources, and complete quests against mobs and other players. Meme-Themed: The game features factions and heroes inspired by popular crypto memes - including Doge as General Doge and Pepe as Storm Pepe, along with cats, bulls, bears, and more to be introduced. Community Engagement: Players can form alliances, communicate, and strategize to achieve shared goals, whether it`s raiding a powerful mob or attacking an outpost of a rival alliance. These elements, common in traditional gaming, are fresh to GameFi, positioning The Rise of Memes as one of the most ambitious blockchain games, with price predictions for the $RISE token indicating significant growth potential. The Rise of Memes is currently in its presale phase, giving investors the opportunity to acquire tokens at reduced prices before the official release and exchange listings at higher values. For more insights on presales, check out our article on top crypto presales . Conclusion As Trump`s tariff threats create uncertainty in traditional markets, the pursuit of alternative investments is intensifying. Cryptocurrencies remain a central focus in this dynamic environment, with altcoins showing bullish trends and investors actively seeking high-growth opportunities. As the search for top crypto investments with significant profit potential heats up, projects like The Rise of Memes are quietly laying the groundwork for transformative events, offering early investors a strategic entry point into a rapidly evolving market and opening new avenues for those who stay vigilant. Crypto Potato
Tether Reports $13 Billion Profit for 2024 and Strong Reserve Position Amid Growing Market Presence
Tether has marked a historic year in the crypto industry, reporting $13 billion in profits for 2024 while holding over $143 billion in reserves. With a market capitalization surpassing $139 Crypto Potato
